incumbent directors, supervisors and senior management...

Directors, Supervisors and Senior Management Members

2016 Annual Report 84

Basic Information

Incumbent Directors, Supervisors and Senior Management Members

Name Year of birth Gender Position Term of office

TIAN Guoli 1960 Male Chairman From May 2013 to the date of the Annual General Meeting in 2019CHEN Siqing 1960 Male Vice Chairman and President From April 2014 to the date of the Annual General Meeting in 2017REN Deqi 1963 Male Executive Director and

Executive Vice PresidentFrom December 2016 to the date of the Annual General Meeting in 2019

GAO Yingxin 1962 Male Executive Director and Executive Vice President

From December 2016 to the date of the Annual General Meeting in 2019

ZHANG Xiangdong 1957 Male Non-executive Director From July 2011 to the date of the Annual General Meeting in 2017ZHANG Qi 1972 Male Non-executive Director From July 2011 to the date of the Annual General Meeting in 2017LIU Xianghui 1954 Male Non-executive Director From October 2014 to the date of the Annual General Meeting in 2017LI Jucai 1964 Male Non-executive Director From September 2015 to the date of the Annual General Meeting in 2018Nout WELLINK 1943 Male Independent Director From October 2012 to the date of the Annual General Meeting in 2018LU Zhengfei 1963 Male Independent Director From July 2013 to the date of the Annual General Meeting in 2019LEUNG Cheuk Yan 1951 Male Independent Director From September 2013 to the date of the Annual General Meeting in 2019WANG Changyun 1964 Male Independent Director From August 2016 to the date of the Annual General Meeting in 2019Angela CHAO 1973 Female Independent Director From January 2017 to the date of the Annual General Meeting in 2019WANG Xiquan 1960 Male Chairman of the Board of Supervisors From November 2016 to the date of the Annual General Meeting in 2019WANG Xueqiang 1957 Male Shareholder Supervisor From August 2004 to the date of the Annual General Meeting in 2019LIU Wanming 1958 Male Shareholder Supervisor From August 2004 to the date of the Annual General Meeting in 2019DENG Zhiying 1959 Male Employee Supervisor From August 2010 to the date of the 2019 Employee Delegates’ MeetingGAO Zhaogang 1969 Male Employee Supervisor From April 2016 to the date of the 2019 Employee Delegates’ MeetingXIANG Xi 1971 Female Employee Supervisor From August 2012 to the date of the 2019 Employee Delegates’ MeetingCHEN Yuhua 1953 Male External Supervisor From June 2015 to the date of the Annual General Meeting in 2018XU Luode 1962 Male Executive Vice President From June 2015ZHANG Qingsong 1965 Male Executive Vice President and

Chief Information OfficerExecutive Vice President from November 2016 and Chief Information Officer from March 2017

LIU Qiang 1971 Male Executive Vice President From November 2016FAN Dazhi 1964 Male Secretary of Party Discipline Committee From December 2016PAN Yuehan 1964 Male Chief Risk Officer From April 2016XIAO Wei 1960 Male Chief Audit Officer From November 2014GENG Wei 1963 Male Secretary to the Board of Directors and

Company SecretarySecretary to the Board of Directors from June 2015 and Company Secretary from October 2015

Note: During the reporting period, no director, supervisor or senior management member held any share of the Bank.

Former Directors, Supervisors and Senior Management Members

Name Year of birth Gender Position held before leaving the post Term of office

ZHU Hexin 1968 Male Executive Director and Executive Vice President From February 2016 to June 2016

WANG Yong 1962 Male Non-executive Director From July 2013 to September 2016

WANG Wei 1957 Male Non-executive Director From September 2014 to January 2017

CHOW Man Yiu, Paul 1946 Male Independent Director From October 2010 to August 2016

Jackson TAI 1950 Male Independent Director From March 2011 to September 2016

LI Jun 1956 Male Chairman of the Board of Supervisors From March 2010 to November 2016

LIU Xiaozhong 1956 Male Employee Supervisor From August 2012 to April 2016

ZHANG Lin 1956 Female Secretary of Party Discipline Committee From August 2004 to July 2016

ZHANG Jinliang 1969 Male Executive Vice President From July 2014 to January 2016

Note: No former director, supervisor or senior management member held any share of the Bank during their terms of office.


2016 Annual Report85

Remuneration of Directors, Supervisors and Senior Management Members Paid in 2016

Name Position

Remuneration before tax from the Bank in 2016 (Unit: RMB ten thousand)Whether

remunerated by

shareholding companies or

other connected

partiesRemuneration

paid

Contribution by the employer to social insurance,

enterprise annuity, supplementary

medical insurance and housing

provident fund

Other monetary

income Total

Incumbent Directors, Supervisors and Senior Management MembersTIAN Guoli Chairman 48.44 17.68 – 66.12 No

CHEN Siqing Vice Chairman and President 48.44 17.49 – 65.93 No

REN Deqi Executive Director and Executive Vice President 43.60 13.96 – 57.56 No

GAO Yingxin Executive Director and Executive Vice President 43.60 15.65 – 59.25 No

ZHANG Xiangdong Non-executive Director – – – – Yes

ZHANG Qi Non-executive Director – – – – Yes

LIU Xianghui Non-executive Director – – – – Yes

LI Jucai Non-executive Director – – – – Yes

Nout WELLINK Independent Director 50.00 – – 50.00 No

LU Zhengfei Independent Director 51.39 – – 51.39 Yes

LEUNG Cheuk Yan Independent Director 40.00 – – 40.00 No

WANG Changyun Independent Director 12.98 – – 12.98 Yes

Angela CHAO Independent Director – – – – –

WANG Xiquan Chairman of the Board of Supervisors 4.04 1.06 – 5.10 No

WANG Xueqiang Shareholder Supervisor 77.63 33.01 4.58 115.22 No

LIU Wanming Shareholder Supervisor 72.63 31.50 4.58 108.71 No

DENG Zhiying Employee Supervisor 5.00 – – 5.00 No

GAO Zhaogang Employee Supervisor 3.75 – – 3.75 No

XIANG Xi Employee Supervisor 5.00 – – 5.00 No

CHEN Yuhua External Supervisor 18.00 – – 18.00 No

XU Luode Executive Vice President 43.60 13.96 – 57.56 No

ZHANG Qingsong Executive Vice President and Chief Information Officer 3.63 1.17 – 4.80 No

LIU Qiang Executive Vice President 3.63 1.05 – 4.68 No

FAN Dazhi Secretary of Party Discipline Committee – – – – No

PAN Yuehan Chief Risk Officer 55.22 23.47 3.30 81.99 No

XIAO Wei Chief Audit Officer 82.83 37.03 4.22 124.08 No

GENG Wei Secretary to the Board of Directors and Company Secretary 78.89 31.25 4.58 114.72 No

Former Directors, Supervisors and Senior Management MembersZHU Hexin Executive Director and

Executive Vice President 18.17 6.07 – 24.24 No

WANG Yong Non-executive Director – – – – Yes

WANG Wei Non-executive Director – – – – Yes

CHOW Man Yiu, Paul Independent Director 30.00 – – 30.00 Yes

Jackson TAI Independent Director 26.67 – – 26.67 Yes

LI Jun Chairman of the Board of Supervisors 44.40 17.99 – 62.39 No

LIU Xiaozhong Employee Supervisor 1.67 – – 1.67 No

ZHANG Lin Secretary of Party Discipline Committee 21.80 9.95 – 31.75 No

ZHANG Jinliang Executive Vice President 3.63 1.21 – 4.84 No



Notes:

1 In accordance with the government regulations, since 1 January 2015, the Bank remunerates Chairman of the Board of Directors, President, Chairman of the Board of Supervisors, executive directors, Secretary of Party Discipline Committee and executive vice presidents pursuant to the rules on remuneration reform for central enterprises.

2 The 2016 final remuneration for Chairman of the Board of Directors, President, Chairman of the Board of Supervisors, executive directors, shareholder supervisors and other senior management remembers is to be determined and will be disclosed in an additional announcement by the Bank.

3 The Bank remunerates directors, supervisors and senior management members who are employed by the Bank with salaries, bonuses, contribution by the employer to social insurance, enterprise annuity, supplementary medical insurance and housing provident fund, as well as other monetary income. Independent directors receive directors’ remunerations and allowances. Other directors are not remunerated by the Bank. Chairman of the Board of Directors, executive directors and senior management members do not receive any remuneration from the Bank’s subsidiaries.

4 Independent directors receive remuneration in accordance with the resolution of the 2007 Annual General Meeting. External supervisors receive remuneration in accordance with the resolution of the 2009 Annual General Meeting. Remuneration for shareholder supervisors is in accordance with relevant remuneration scheme of the Bank and approved by the shareholders’ meeting.

5 In 2016, Non-executive Directors Mr. ZHANG Xiangdong, Mr. ZHANG Qi, Mr. LIU Xianghui, Mr. LI Jucai, Mr. WANG Yong and Mr. WANG Wei were not remunerated by the Bank.

6 Some independent directors of the Bank served as independent non-executive directors of other legal entities or organisations, which caused such legal entities or organisations to be defined as connected parties of the Bank. Save as disclosed above, none of the directors, supervisors or senior management members of the Bank was remunerated by the connected parties of the Bank during the reporting period.

7 The above persons’ remuneration is calculated on the basis of their actual time working as directors, supervisors or senior management members of the Bank in 2016. Employee supervisors’ remuneration above is paid for their service as supervisors of the Bank during the reporting period.

8 For the starting time of the term of office of the above-mentioned directors, supervisors and senior management members, please refer to the section “Basic Information”. Mr. FAN Dazhi began to serve as Secretary of Party Discipline Committee of the Bank as of 27 December 2016. Ms. Angela CHAO began to serve as Independent Director of the Bank as of 4 January 2017. During the reporting period, Mr. FAN Dazhi and Ms. Angela CHAO were not remunerated by the Bank.

9 The Bank incurred RMB12.3340 million in remuneration to its directors, supervisors and senior management members’ services in 2016.

Positions held in Shareholding Companies by Directors, Supervisors and Senior Management Members

From 1 January 2016 to 23 December 2016, Non-executive Director Mr. ZHANG Xiangdong served as Director

of the Bank of China Equity Investment Management Division of Banking Institutions Department I, Huijin. Save

as disclosed above, in 2016, none of the Bank’s directors, supervisors or senior management members held any

position in the shareholding companies of the Bank.

Directors


1

2 3 4

5 6 7

8

Directors


1 TIAN Guoli Chairman

Chairman of the Board of Directors since May 2013. Mr. TIAN joined the Bank in April 2013. From December

2010 to April 2013, Mr. TIAN served as Vice Chairman of the Board of Directors and General Manager of China

CITIC Group. During this period, he also served as Chairman of the Board of Directors and Non-executive Director

of China CITIC Bank. From April 1999 to December 2010, Mr. TIAN served successively as Vice President and

President of China Cinda Asset Management Company, and Chairman of the Board of Directors of China Cinda

Asset Management Co., Ltd. From July 1983 to April 1999, Mr. TIAN held various positions in China Construction

Bank (“CCB”), including sub-branch general manager, deputy branch general manager, department general

manager of the CCB Head Office, and Executive Assistant President of CCB. Mr. TIAN has been serving as

Chairman of the Board of Directors and a Non-executive Director of BOC Hong Kong (Holdings) Limited since June

2013. Mr. TIAN received a Bachelor’s Degree in Economics from Hubei Institute of Finance and Economics in 1983.

He holds the title of Senior Economist.

2 CHEN Siqing Vice Chairman and President

Vice Chairman of the Board of Directors since April 2014 and President of the Bank since February 2014. Mr. CHEN

joined the Bank in 1990 and served as Executive Vice President of the Bank from June 2008 to February 2014. Mr.

CHEN held various positions in the Bank from June 2000 to May 2008, including Assistant General Manager and

Vice General Manager of the Fujian Branch, General Manager of the Risk Management Department of the Head

Office and General Manager of the Guangdong Branch. Mr. CHEN previously worked in the Hunan Branch of the

Bank before he was dispatched to the Hong Kong Branch of China and South Sea Bank Ltd. as Assistant General

Manager. Since December 2011, Mr. CHEN has been serving as a Non-executive Director of BOC Hong Kong

(Holdings) Limited and Chairman of the Board of Directors of BOC Aviation Limited. Mr. CHEN has been serving as

Vice Chairman of the Board of Directors of BOCHK (Holdings) since March 2014. Mr. CHEN graduated from Hubei

Institute of Finance and Economics in 1982. He obtained an MBA from Murdoch University, Australia in 1999. He is

a Certified Public Accountant and holds the title of Senior Economist.

3 REN Deqi Executive Director and Executive Vice President

Executive Director of the Bank since December 2016 and Executive Vice President of the Bank since July 2014. Mr.

REN joined the Bank in 2014. He worked in China Construction Bank (“CCB”) for many years and held various

positions. From October 2013 to May 2014, Mr. REN served as General Manager of Risk Management Department

of CCB. From August 2003 to October 2013, Mr. REN successively served as Deputy General Manager of Credit

Approval Department, General Manager of Risk Control Department, General Manager of Credit Management

Department, and General Manager of the Hubei Branch of CCB. Mr. REN has been serving as a Non-executive

Director of BOC Hong Kong (Holdings) Limited since October 2015, and President of Shanghai RMB Trading Unit

since September 2016. He obtained a Master’s Degree in Engineering from Tsinghua University in 1988. He holds

the title of Senior Economist.

Directors


4 GAO Yingxin Executive Director and Executive Vice President

Executive Director of the Bank since December 2016 and Executive Vice President of the Bank since May 2015.

Mr. GAO joined the Bank in 1986. He served as Executive Director and Deputy Chief Executive of BOC Hong Kong

(Holdings) Limited and Bank of China (Hong Kong) Limited from February 2005 to March 2015, as President and

Chief Operating Officer of BOC International Holdings Limited from July 2004 to February 2005, and as Deputy

General Manager of the Credit Business Department of the Head Office and Deputy General Manager and General

Manager of the Corporate Banking Department of the Head Office from September 1996 to July 2004. Mr. GAO

has been serving as a Non-executive Director of BOCHK (Holdings) since March 2015 and has been serving as

Chairman of BOC International Holdings Limited, Bank of China (UK) Limited and Bank of China (Luxembourg)

S.A. since August 2015, and has been severing as Chairman of BOC International (China) Limited since September

2016. Currently, Mr. GAO also serves as Chairman of the Board of Directors of China Culture Industrial Investment

Fund Co., Ltd. Mr. GAO graduated from East China University of Science and Technology in 1986 with a Master’s

Degree in Engineering. He holds the title of Senior Economist.

5 ZHANG Xiangdong Non-executive Director

Non-executive Director of the Bank since July 2011. Mr. ZHANG served as a non-executive director of China

Construction Bank Corporation from November 2004 to June 2010, and served as Chairman of the Risk

Management Committee under its Board of Directors from April 2005 to June 2010. From August 2001 to

November 2004, Mr. ZHANG worked as Vice President of PBOC’s Haikou Central Sub-branch and concurrently

served in the SAFE as Deputy Director General of Hainan Province Branch and Deputy Director General and

Inspector of the General Affairs Department. Mr. ZHANG served as a member of the Stock Offering Approval

Committee of CSRC from September 1999 to September 2001. He served as a member of China International

Economic and Trade Arbitration Commission from January 2004 to December 2008. Mr. ZHANG graduated from

Renmin University of China with a Bachelor’s degree in Law in 1986. He completed his post-graduate studies in

international economic law at Renmin University of China in 1988, and was awarded a Master’s degree in Law in

1990. Mr. ZHANG holds the professional title of senior economist and is qualified to practice law in China.

6 ZHANG Qi Non-executive Director

Non-executive Director of the Bank since July 2011. Mr. ZHANG worked in Central Expenditure Division One,

Comprehensive Division of the Budget Department, and Ministers’ Office of the General Office of Ministry of

Finance, as well as in the Operation Department of China Investment Corporation, serving as Deputy Director,

Director and Senior Manager from 2001 to 2011. Mr. ZHANG studied in the Investment Department and Finance

Department of China Northeast University of Finance and Economics from 1991 to 2001, and obtained the

Bachelor’s degree, Master’s degree and Doctorate in Economics respectively in 1995, 1998 and 2001.

Directors


7 LIU Xianghui Non-executive Director

Non-executive Director of the Bank since October 2014. Mr. LIU served as the external supervisor of China Cinda

Asset Management Co., Ltd. from June 2013 to June 2014. He served as the non-executive director of China Cinda

Asset Management Company from June 2010 to June 2013, and non-executive director of China Construction

Bank Corporation from September 2004 to June 2010. From September 1978 to May 1994, he held various

positions at the State Economic Commission and the State Planning Commission and he worked for half a year

at the United States Environmental Protection Agency in 1993. From May 1994 to September 2004, he worked

consecutively as the division chief of the Industry and Transportation Group, assistant inspector (deputy director-

general level) and inspector (director-general level) of the Economic and Trade Group under the Office of Central

Leading Group on the Financial and Economic Affairs. Mr. LIU graduated from Liaoning University in August 1978,

and studied the senior courses of national economic planning at the Central College of Planning and Statistics of

Poland from October 1989 to February 1990. He also studied modern economic management at Beijing Economic

Correspondence University from April 1985 to April 1986. Mr. LIU is a senior economist.

8 LI Jucai Non-executive Director

Non-executive Director of the Bank since September 2015. Mr. LI served as Party Committee Member and

Secretary of Party Discipline Committee of the Information Network Center under the Ministry of Finance from

December 2014 to September 2015. He acted as the specialised Deputy Secretary of Party Committee of the

Information Network Center under the Ministry of Finance from April 2010 to December 2014. From November

1996 to April 2010, he had successively been the Deputy Head of the Science Division of the Culture, Education

and Administration Department, Division Head of the Investment Evaluation Center, Director of Administration

Office and Head of the Administrative Division of the Information Network Center under the Ministry of Finance.

Mr. LI majored in Finance in China Northeast University of Finance and Economics and graduated with a Bachelor’s

degree in 1986. Mr. LI has qualification of senior economist.

Directors


9 10 11

12 13

Directors


9 Nout WELLINK Independent Director

Independent Director of the Bank since October 2012. Mr. WELLINK served as a member of the Executive Board

of the Dutch Central Bank (“DNB”) for almost 30 years, the last 14 years as its President. He retired from DNB

on 1 July 2011. DNB is part of the European System of Central Banks since 1999, but still holds supervision on

national pension funds and insurance companies. Since the establishment of the European Monetary Union, Mr.

WELLINK served as a member of the Governing Council of the European Central Bank (“ECB”). Starting from

1997, Mr. WELLINK served as a member of the Board of Directors of the Bank for International Settlements,

which he chaired from 2002 to 2006. From 2006 to 2011, he also chaired the Basel Committee on Banking

Supervision. From 1997 to 2011, Mr. WELLINK was a member of the Group of Ten Central Bank Governors and

Governor of the International Monetary Fund. Prior to his appointment in 1982 as an executive director of DNB,

Mr. WELLINK held several posts in the Dutch Ministry of Finance, including as the Treasurer General from 1977

to 1982. After studying Dutch law at Leyden University from 1961 to 1968 with a Master’s degree obtained,

Mr. WELLINK obtained a doctor’s degree in economics at the Rotterdam Erasmus University in 1975. In 2008 he

received an honorary doctorate from Tilburg University. From 1988 to 1998, Mr. WELLINK was an Extraordinary

Professor at the Free University in Amsterdam. Mr. WELLINK is currently Vice Chairman of Supervisory Board of

PricewaterhouseCoopers Accountants N.V., and Member of Advisory Board of Systemic Risk Council. Mr. WELLINK

had served many additional functions in the past, including member of the supervisory board of a bank, a re-

insurance company and other enterprises on behalf of the Dutch authorities, Chairman of the Board of Supervisors

of the Netherlands Open Air Museum, member and treasurer of the Royal Picture Gallery Mauritshuis and the

Westeinde Hospital in The Hague. He was awarded a Knighthood in the Order of the Netherlands Lion in 1980 and

is Commander of the Order of Orange-Nassau since 2011.

10 LU Zhengfei Independent Director

Independent Director of the Bank since July 2013. Mr. LU currently serves as the distinguished professor of

Cheung Kong Scholar of Guanghua School of Management, Peking University. He served as the head of the

Accounting Department of the School of Business, Nanjing University between 1994 and 1999, and the head of

the Accounting Department of Guanghua School of Management, Peking University between 2001 and 2007,

and Associate Dean of Guanghua School of Management, Peking University between 2007 and 2014. Mr. LU

also currently serves as an executive director of the Accounting Society of China and Deputy Director of Financial

Management Committee, an editorial board member of Accounting Research and Audit Research, and a member

of the Disciplinary Committee of the Chinese Institute of Certified Public Accountants. In 2001, he was elected as

a member of “The Hundred People Project of Beijing New Century Social Science Theoretical Talent”. In 2005, he

was elected to the “New Century Excellent Talent Support Plan” of the Ministry of Education, PRC. In 2013, he

was elected to the “Renowned Expert Training Project” (first batch) of the Ministry of Finance. In 2014, he was

elected as distinguished professor of Cheung Kong Scholar of the Ministry of Education, PRC. He currently serves

as an independent non-executive director or an independent supervisor of a number of companies listed on the

Hong Kong Stock Exchange, including: Independent Non-executive Director of Sinotrans Ltd. since September

2004, Independent Non-executive Director of Sino Biopharmaceutical Ltd. since November 2005, Independent

Non-executive Director of China National Materials Co., Ltd. since December 2009, and Independent Supervisor

of PICC Property and Casualty Co., Ltd. (“PICC P&C”) since January 2011. He was an independent non-executive

director of PICC P&C from February 2004 to December 2010. Mr. LU graduated from Renmin University of

China in 1988 with a Master’s degree in Economics (Accounting), and received his Doctor’s degree in Economics

(Management) from Nanjing University in 1996.

Directors


11 LEUNG Cheuk Yan Independent Director

Independent Director of the Bank since September 2013. He is a former partner of Baker & McKenzie, which he

joined in July 1987 and from which he retired in June 2011. During 2009 and 2010, he had served as a part-time

member of the Central Policy Unit of The Hong Kong Special Administrative Region Government. Mr. LEUNG has

been an independent non-executive director of MMG Limited, which is listed on The Stock Exchange of Hong

Kong Limited, since July 2012. Mr. LEUNG graduated from The Chinese University of Hong Kong with a Bachelor

of Social Science degree (First Class Honours) in 1976, obtained a Master of Philosophy degree from The University

of Oxford in 1981 and completed his legal study at The College of Law in England in 1982. He was admitted to

practice as a solicitor in Hong Kong in 1985, in England and Wales in 1988, in the Australian Capital Territory in

1989 and in Victoria, Australia in 1991. He is a Senior Associate Member of St. Antony’s College, Oxford.

12 WANG Changyun Independent Director

Independent Director of the Bank since August 2016. Mr. WANG currently serves as professor and doctoral

supervisor in finance at Renmin University of China (“RUC”). He served as a lecturer at RUC from 1989 to 1995

and as a lecturer at Business School, National University of Singapore from 1999 to 2005. He served successively

as the Chair of Applied Finance Department of RUC, Director of China Financial Policy Research Center (a key

research base of Ministry of Education) and Executive Vice Dean of Hanqing Advanced Institute of Economics

and Finance at RUC from 2006 to 2016. Mr. WANG is currently also the Vice Chairman of China Investment

Specialty Construction Association, Director of China Finance Annual Meeting Committee, Director of China

Finance Association, Deputy Editor of Finance Research Quarterly, Deputy Editor of China Finance Research, and

Deputy Editor of China Financial Review. He also serves as the standing committee member of Beijing Haidian

District People’s Political Consultative Conference, the Central Committee member of China Democratic League,

the special auditor of State Auditing Administration, the independent non-executive director of Hope Commercial

Factoring Co., Ltd., Sichuan Star Cable Co., Ltd. and Beijing Haohua Energy Resource Co., Ltd. Mr. WANG has

received social recognition and prizes including the Special Government Allowance of State Council, Best Paper

Award of Chicago Board of Trade in 2001, and the “Middle Age Experts with National Outstanding Contribution”,

membership of “the Program for New Century Excellent Talents” of Ministry of Education in 2004, “Financial

Support of National Science Fund for Distinguished Young Scholars” in 2007, a member of the “New Century

National Hundred, Thousand and Ten Thousand Talent Program” in 2013, and the “Cheung Kong Distinguished

Professor” of Ministry of Education in 2014. He obtained his Master degree in economics from RUC in July 1989

and Doctorate in Financial Economics from the University of London in January 1999.

Directors


13 Angela CHAO Independent Director

Independent Director of the Bank since January 2017. Ms. CHAO serves as Deputy Chairman of Foremost Group

where she is responsible for international shipping finance, strategy, chartering and ship management and

operations. From 1994 to 1996, Ms. CHAO worked in the mergers & acquisitions department of Smith Barney,

which is now Morgan Stanley Smith Barney. From 1996 to 1999, Ms. CHAO served as deputy general manager

of Foremost Group, and from 2001 to 2008, Ms. CHAO had successively served as vice president and senior vice

president of Foremost Group. Since 2008, she has served as deputy chairman of Foremost Group. In May 2005,

Ms. CHAO was unanimously voted to be BIMCO39’s (The Baltic and International Maritime Council 39) Counsellor.

In September 2005, she was selected as “Eminent Young Overseas Chinese” by the Overseas Chinese Affairs

Office of the State Council of China. In November 2007, she was invited as speaker of World Shipping (China)

Summit. In April 2011, she became a Founding Member of the Wall Street Journal’s Task Force on Women in

the Economy. Ms. CHAO currently serves on the Boards of The Metropolitan Opera, Museum of Modern Art PS1,

the UK P&I Marine Insurance Mutual, Foremost Foundation, Shanghai Mulan Education Foundation, and she also

serves on the Harvard Business School’s Board of Dean’s Advisors, Carnegie-Tsinghua Center for Global Policy

Board of Advisors, Lincoln Center Global’s China Advisory Council, the Chairman’s Council of the Metropolitan

Museum of Art and American Bureau of Shipping Council. In addition, she is also a member of the Council on

Foreign Relations, serves on the Young Leaders Forum of the National Committee on US-China Relations and

serves as the member of Shanghai Jiao Tong University’s Antai College of Economics and Management Advisory

Board, and honorary chairperson of the Jiao Tong University Alumni Association in America. Ms. CHAO graduated

from Harvard College in three years in 1994 with a Bachelor’s degree in economics (Magna Cum Laude), and

received her Master of Business Administration degree from Harvard Business School in 2001.

Supervisors


1

2 3 4

5 6 7

Supervisors


1 WANG Xiquan Chairman of the Board of Supervisors

Chairman of the Board of Supervisors of the Bank since November 2016 and Vice Party Secretary of the Bank since June 2016. Mr. WANG previously served in several positions at Industrial and Commercial Bank of China Limited (“ICBC”) for many years. He served as the Executive Vice President of ICBC from September 2012 to July 2016 and Executive Director from June 2015 to July 2016. Mr. WANG served as a member of the senior management of ICBC from April 2010 to September 2012. Between September 1999 and April 2010, he successively served as Deputy Head of the Hebei Branch of ICBC, General Manager of Risk Management Department, General Manager of Internal Audit Bureau, and General Manager of Human Resource Department. Mr. WANG graduated from Shanxi Institute of Finance and Economics in 1983 and received a Doctorate degree in Management from Nanjing University in 2009. He holds the title of Senior Economist.

2 WANG Xueqiang Shareholder Supervisor

Shareholder Supervisor of the Bank since August 2004 and Head of the Office of Board of Supervisors since April 2005. Mr. WANG served as Deputy Director General Supervisor and Director General Supervisor of the Bank from July 2003 to August 2004 before the Bank’s corporate restructuring. Mr. WANG served as Deputy Director General Supervisor at Agricultural Development Bank of China from October 2001 to July 2003, and worked with the Central Financial Working Commission from October 2000 to October 2001. From November 1996 to September 2000, Mr. WANG worked with Hong Kong Gang Ao International (Holdings) Co., Ltd. and Hong Kong Fujian Group Limited in succession. Prior to that, Mr. WANG worked with the Ministry of Finance from August 1985 to October 1996. Mr. WANG graduated from China Central University of Finance and Economics in 1985 and obtained his Doctorate in Economics from Public Finance Institute of the Ministry of Finance in 2008. Mr. WANG is a senior accountant and Certified Public Accountant, accredited by the Chinese Institute of Certified Public Accountants.

3 LIU Wanming Shareholder Supervisor

Shareholder Supervisor of the Bank since August 2004 and Deputy General Manager of the Office of Board of Supervisors since April 2005. Since January 2014, Mr. LIU has served as Deputy General Manager of the Audit Department of the Head Office of the Bank. From November 2001 to August 2004, Mr. LIU was designated by the State Council to serve as Director Supervisor and a Deputy Director General Supervisor at Bank of Communications and the Bank respectively. From August 1984 to November 2001, he worked with the National Audit Office, Agricultural Development Bank of China and the Central Financial Working Commission. Mr. LIU received a Bachelor’s degree in Economics from Jiangxi University of Finance and Economics in 1984.

4 DENG Zhiying Employee Supervisor

Employee Supervisor of the Bank since August 2010. Mr. DENG currently serves as General Manager of the Supervisory Department in the Bank’s Head Office. Mr. DENG has served as Deputy General Manager of the Supervisory Department in the Bank’s Head Office from July 2008 to July 2010. From June 2007 to July 2008, Mr. DENG served as a member of the Party Committee and as secretary of the Party Discipline Committee in the Tianjin Branch of the Bank. From February 2008 to July 2008, Mr. DENG also served as the Director of the Labour Union of the branch. From June 1993 to June 2007, Mr. DENG worked in the Supervisory Office, the Inspection and Audit Department and the Supervisory Department of the Bank’s Head Office. From August 1984 to June 1993, Mr. DENG worked in the Party Discipline Committee. Mr. DENG received a Bachelor’s degree in History from Nankai University in 1984.

Supervisors


5 GAO Zhaogang Employee Supervisor

Employee Supervisor of the Bank since April 2016. Mr. GAO is currently the General Manager of the Human

Resources Department of the Bank. Mr. GAO worked in the Organization Department of the CPC Central

Committee from January 2001 to July 2014, successively serving as a Consultant (of deputy head level) of the

Office of Enterprise Cadres, the Deputy Head, Head and Deputy Inspector of the Bureau Five of Cadres. From

December 1998 to January 2001, he served as the Deputy Head of Development Research Department of China

National Petroleum Corporation. Mr. GAO worked in Dagang Oilfield and China National Petroleum Company

from July 1992 to December 1998. Mr. GAO graduated from Xi’an Shiyou Institute in 1992 and obtained

Doctorate in Management Science and Engineering from Beijing University of Technology in 2012.

6 XIANG Xi Employee Supervisor

Employee Supervisor of the Bank since August 2012. Ms. XIANG is currently Deputy General Manager and Chief

Financial Officer of Jiangsu Branch of the Bank. She previously held the following various positions in the Bank,

including Deputy General Manager and Chief Financial Officer of Suzhou Branch of the Bank from March 2010

to June 2015, a member of the CPC Committee, Deputy General Manager and Chief Financial Officer of Suzhou

Branch from July 2005 to March 2010, Assistant to General Manager of the Suzhou Branch from March 2003 to

July 2005, Deputy General Manager and General Manager of High-tech Industrial Development Zone Sub-branch

of the Suzhou Branch from October 2000 to July 2005, cadre, deputy group chief, section chief, Deputy Director

and Deputy General Manager of the International Trade Settlement Division of the Suzhou Branch from July

1993 to October 2000. Ms. XIANG graduated from the Department of English of East China University of Science

and Technology in 1993, and obtained an MBA Degree jointly conferred by Fudan University and University of

Washington in December 2004.

7 CHEN Yuhua External Supervisor

External Supervisor of the Bank since June 2015. Mr. CHEN served as Vice President of China Cinda Asset

Management Co., Ltd. from December 2008 to August 2013. Mr. CHEN served as Chairman of China Cinda

Investment Co., Ltd. from April 2004 to December 2008. Mr. CHEN served as Head of the Equity Department of

China Cinda Asset Management Company and General Manager of China Cinda Investment Co., Ltd from March

2000 to April 2004. Mr. CHEN served as President of China Cinda Trust & Investment Company from December

1996 to March 2000. Mr. CHEN served as Deputy General Manager of the Personnel Department and Deputy

General Manager of the Personnel & Training Department of China Construction Bank (CCB) Head Office from

April 1994 to December 1996. Mr. CHEN served as Division Head of the Construction Economy Department of

CCB Head Office and General Manager of CCB Real Estate Consulting Corporation from March 1992 to March

1994. Mr. CHEN served as Deputy Head of the Construction Economy Division, Deputy Head of the Real Estate

Credit Department and Head of a direct sub-branch of CCB Sichuan Branch from August 1986 to March 1992. Mr.

CHEN graduated from Zhongnan University of Finance and Economics in 1986 and received a Master’s degree in

Economics.

Senior Management Members


1

2 3 4

5 6 7



1 CHEN Siqing Vice Chairman and President

Please refer to the section “Directors”.

2 REN Deqi Executive Director and Executive Vice President


3 GAO Yingxin Executive Director and Executive Vice President


4 XU Luode Executive Vice President

Executive Vice President of the Bank since June 2015. Mr. XU joined the Bank in 2015. From August 2013 to April

2015, he served as President of Shanghai Gold Exchange. Mr. XU worked as Vice Chairman and President of China

Unionpay from August 2007 to August 2013. He also worked in the People’s Bank of China (“PBOC”) for many

years. The positions he held in PBOC included Director of the Payment and Settlement Department from October

2003 to August 2007 and Deputy Director of the General Executive Office from March 1999 to October 2003. Mr.

XU has been serving as Chairman of Bank of China Consumer Finance Company Limited, Non-executive Director

of BOC Hong Kong (Holdings) Limited, and Chairman of Expresspay Co., Ltd. since July 2015, October 2015, and

April 2016, respectively. Mr. XU graduated from Hunan University of Finance and Economics with a Bachelor’s

Degree in Economics in 1983. He has the qualification of Senior Accountant.

5 ZHANG Qingsong Executive Vice President and Chief Information Officer

Executive Vice President of the Bank since November 2016 and Chief Information Officer of the Bank since March

2017. Mr. ZHANG joined the Bank in 1990. He served as General Manager of the Clearing Department of the

Bank from March 2014 to July 2016, and served as General Manager of Singapore Branch from December 2011

to June 2014. From March 2006 to December 2011, he successively served as Deputy General Manager of the

Asset-Liability Management Department, Deputy General Manager of the Treasury, Director of the Global Markets

Department, Director (Securities Investment) of the Global Markets Unit, General Manager (Securities Investment)

of the Global Markets Unit, and also as General Manager of Hong Kong Trading Center (Hong Kong Branch) from

July 2009 to December 2011. He graduated from Graduate School of People’s Bank of China with a Master’s

degree in Economics in 1990. He holds the title of Associate Researcher.



6 LIU Qiang Executive Vice President

Executive Vice President of the Bank since November 2016. Mr. LIU joined the Bank in 2016. He worked in

Agricultural Bank of China (“ABC”) for many years and held various positions. He served as General Manager

of the Shanghai Branch of ABC from July 2015 to July 2016 and also as Executive Deputy Director of Shanghai

Management Department of ABC from September 2015 to July 2016. From June 2005 to June 2015, he

successively served as Deputy General Manager and General Manager of Business Department, General Manager

of Important Client Department, and Deputy General of Beijing Branch, General Manager of the Asset-Liability

Management Department/County Area Capital and Funds Management Center, and also served as Chairman of

the Board of Supervisors of ABC Financial Leasing Co.,Ltd. He graduated from China Agricultural University in 1993

and obtained a Master’s degree in Agriculture from China Agricultural University in 1997. He holds the title of

Senior Economist.

7 FAN Dazhi Secretary of Party Discipline Committee

Secretary of Party Discipline Committee of the Bank since December 2016. Mr. FAN joined the Bank in 2016.

He served as Chairman of the Board of Directors of Hua Xia Bank since November 2016. From August 2007 to

November 2016, he served as Director, Vice President, and President of Hua Xia Bank. From January 2004 to

August 2007, he served as Director and General Manager of Beijing Securities Co,.Ltd. From December 1999

to January 2004, Mr. FAN successively served as Deputy Head of Beijing Overseas Financing and Investment

Management Center, Director and Deputy General Manager of Beijing State-owned Assets Management Co.,Ltd.

He graduated from Dongbei University of Finance and Economics in 1987, and graduated from Graduate School of

China Academy of Social Sciences with a Doctor’s degree in Economics in 2012. He has the qualification of Senior

Accountant.



8 PAN Yuehan Chief Risk Officer

Chief Risk Officer of the Bank since April 2016. Mr. PAN joined the Bank in 1984. He served as General Manager of the Shanghai Branch of the Bank from March 2011 to November 2015 and concurrently as Vice President of Shanghai RMB Trading Unit of the Bank from March 2012 to November 2015. From April 2009 to March 2011, he served as General Manager of the Suzhou Branch of the Bank. He previously served as the Deputy General Manager and Chief Financial Officer of the Jiangsu Branch of the Bank. He obtained a Master’s Degree from China Europe International Business School in 2008.

9 XIAO Wei Chief Audit Officer

Chief Audit Officer of the Bank since November 2014. Mr. XIAO joined the Bank in 1994, and served as General Manager of Financial Management Department of the Bank’s Head Office from November 2009 to November 2014. Mr. XIAO served as Deputy General Manager of the Beijing Branch of the Bank from May 2004 to November 2009, and also concurrently served as Chief Financial Officer of the Beijing Branch of the Bank from January 2007 to November 2009. He successively served as the Assistant General Manager and the Deputy General Manager of the Asset-and-Liability Management Department of the Bank’s Head Office from December 1999 to May 2004, and also served as temporary Deputy General Manager of the Beijing Branch of the Bank from November 2002 to May 2004. Mr. XIAO obtained a Doctorate’s Degree in Economics from Renmin University of China in 1994. He has the qualification of Senior Accountant.

10 GENG Wei Secretary to the Board of Directors and Company Secretary

Secretary to the Board of Directors of the Bank since June 2015 and Company Secretary of the Bank since October 2015. Mr. GENG joined the Bank in 2006. He had assumed various positions including the Chief Compliance Officer of the Legal and Compliance Department, Deputy General Manager and Chief Compliance Officer of the Risk Management Unit (Compliance Management), and Deputy General Manager (in charge of the department’s work) and Chief Compliance Officer of the Legal and Compliance Department, General Manager of the Board Secretariat. Before joining the Bank, he served various positions of Industrial and Commercial Bank of China, including the Deputy Division Head, Division Head and Deputy General Manager of the Legal Affairs Department, and Deputy Director of the Joint Stock Reform Office. Mr. GENG obtained a Doctorate’s degree in law from Peking University in 1995.

8 9 10



Changes in Directors, Supervisors and Senior Management Members

Changes in the Bank’s directors were as follows:

Mr. ZHU Hexin began to serve as Executive Director and member of the Connected Transactions Control Committee of the Bank as of 1 February 2016. Mr. ZHU Hexin ceased to serve as Executive Director and member of the Connected Transactions Control Committee of the Bank as of 1 June 2016 due to change of job.

Mr. WANG Changyun began to serve as Independent Director of the Bank as of 18 August 2016, and began to serve as a member of the Strategic Development Committee, the Audit Committee, the Risk Policy Committee and the Personnel and Remuneration Committee of the Bank as of 21 September 2016.

Mr. CHOW Man Yiu, Paul ceased to serve as Independent Director, Chairman of the Personnel and Remuneration Committee, and member of the Audit Committee, the Risk Policy Committee and the Connected Transactions Control Committee of the Bank as of 18 August 2016 due to the fulfilment of his term of office.

Mr. Jackson TAI ceased to serve as Independent Director and member of the Strategic Development Committee, the Audit Committee, the Risk Policy Committee and the Connected Transactions Control Committee of the Bank as of 1 September 2016 due to change of job.

Mr. WANG Yong ceased to serve as Non-executive Director and member of the Strategic Development Committee and the Audit Committee of the Bank as of 14 September 2016 due to change of job.

Mr. LU Zhengfei began to serve as Chairman of the Personnel and Remuneration Committee of the Bank as of 21 September 2016.

Mr. REN Deqi began to serve as Executive Director and member of the Connected Transactions Control Committee of the Bank as of 8 December 2016.

Mr. GAO Yingxin began to serve as Executive Director and member of the Risk Policy Committee of the Bank as of 8 December 2016.

Ms. Angela CHAO began to serve as Independent Director and member of the Audit Committee, the Risk Policy Committee and the Connected Transactions Control Committee of the Bank as of 4 January 2017.

Mr. WANG Wei ceased to serve as Non-executive Director and member of the Strategic Development Committee and the Risk Policy Committee of the Bank as of 19 January 2017 due to change of job.

Changes in the Bank’s supervisors were as follows:

Mr. LIU Xiaozhong ceased to serve as Employee Supervisor and member of the Duty Performance and Due Diligence Supervision Committee of the Board of Supervisors of the Bank as of 14 April 2016 due to the fulfilment of his term of office.

Mr. GAO Zhaogang began to serve as Employee Supervisor of the Bank as of 14 April 2016. Mr. GAO Zhaogang began to serve as member of the Duty Performance and Due Diligence Supervision Committee of the Board of Supervisors of the Bank as of 20 February 2017.

Mr. LI Jun ceased to serve as Supervisor and Chairman of the Board of Supervisors and Chairman of the Duty Performance and Due Diligence Supervision Committee of the Board of Supervisors of the Bank as of 18 November 2016 due to the reason of age.

Mr. WANG Xiquan began to serve as Supervisor, Chairman of the Board of Supervisors and Chairman of the Duty Performance and Due Diligence Supervision Committee of the Board of Supervisors of the Bank as of 18 November 2016.

Mr. CHEN Yuhua began to serve as Chairman of the Financial and Internal Control Supervision Committee of the Board of Supervisors of the Bank as of 20 February 2017.

Changes in the Bank’s senior management members were as follows:

Mr. ZHANG Jinliang ceased to serve as Executive Vice President of the Bank as of 14 January 2016.

Mr. PAN Yuehan began to serve as Chief Risk Officer of the Bank as of 20 April 2016.

Mr. ZHU Hexin ceased to serve as Executive Vice President of the Bank as of 1 June 2016.

Ms. ZHANG Lin ceased to serve as Secretary of Party Discipline Committee of the Bank as of 5 July 2016.

Mr. ZHANG Qingsong began to serve as Executive Vice President of the Bank as of 16 November 2016. Mr. ZHANG Qingsong began to serve as Chief Information Officer of the Bank as of 31 March 2017.

Mr. LIU Qiang began to serve as Executive Vice President of the Bank as of 16 November 2016.

Mr. FAN Dazhi began to serve as Secretary of Party Discipline Committee of the Bank as of 27 December 2016.

incumbent directors, supervisors and senior management...

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